EUR/JPY breached 98.640

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The ECB must act in the bond market because threats, leaks and promises have a limited lifespan. Without ECB intervention Spanish and Italian rates will rise again as the countries no longer have the confidence of the credit markets." 
-Joseph Trevisani, Worlwide markets (based on Reuters)

Pair's Outlook

Pair has gained and breached double bottom pattern resistance band which formed last week. However, pair is approaching a cluster of resistance levels around 99.16/40 which should drop the pair down closer to weeks opening price at 98.500.
 

Traders' Sentiment

Traders' sentiment remains bullish, but start of new week suggests we could see major changes in the near future.  Traders sentiment dropped by 5% as 57% of traders continue to hold long position on the pair, but in the range of 100 pips 56% of traders have posted sell orders.

© Dukascopy Bank SA
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Actual Topics

Tue, 21 Aug 2012 14:54:16 GMT

AUD/USD returned to last weeks levels

Pair has returned to levels prior to sharp drop at the end of last week and should continue developing normally further. Weekly R1 should not allow the pair to appreciate further for some time now and contain in 1.0472/1.0535 range.

Tue, 21 Aug 2012 07:41:12 GMT

USD/CHF pushes through 0.9746/22

USD/CHF is close to violating an uptrend support at 0.9746/22, which stayed intact for more than three and a half months, but currently looks too soft in order to continue underpinning the currency pair and aid its rally. The additional supports are at 0.9691 and 0.9656/43, while rallies are to be limited by resistances at 0.9793 and 0.9837/47.

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